Pub Date : 2023-01-01DOI: 10.33051/2500-2325-2023-2-06-24
B. Yerznkyan, K. Fontana
Relevance. The pursuit of sustainable development against the backdrop of increasing demands for resources in an environment of scarcity, as well as growing social and environmental problems, reflect the importance of finding solutions to maintain economic growth, with due attention to the solution of the forenamed social and environmental problems, while reducing the demand for primary resources. A circular economy model that focuses on minimizing waste and consumption of primary resources, extending the useful life of products, provides solutions to these problems and contributes to the achievement of sustainable development goals. In practice, this model is not widely used, due, between other reasons, to barriers preventing the transition from a linear model of the economy to a circular one. And although regions, industries and enterprises may face various barriers in the implementation of circular solutions, it is possible to identify potential barriers that are typical for most. The purpose of the work is to identify and classify the barriers to the transition to a circular economy (with an emphasis on small and medium-sized enterprises), which can serve as the basis for the subsequent development of a roadmap for the transition to a circular economy and overcoming such. Target groups. The results of the study can resonate with academia, policy makers and business leaders to achieve a systemic, inclusive and competitive circular economy; serve as a basis for developing a roadmap for the transition to a circular economy at different levels, developing ways to overcome barriers that impede this transition. Materials and methods. The study is based on data obtained from the analysis of publications of Russian and foreign scholars on this topic. To achieve the stated goal, general scientific methods of cognition used in economic science, in particular, methods of comparative and logical analysis, were used. Results. The main features of the circular economy are considered; describes the main points related to the development of a methodology for introducing a circular economy at the enterprise level; analyzed and classified the barriers faced by enterprises in the transition to a circular economy model; the importance of a structural and systematic approach was emphasized for the effective transition from a linear model of the economy to a circular economy with the involvement of stakeholders and consumers. Conclusions. The circular economy model provides opportunities for sustainable economic growth, reduces waste and the use of primary resources, provides consumers with innovative and durable products, and contributes to solving social and environmental problems. At the same time, existing barriers (financial, institutional, legislative, infrastructural, environmental, cultural, supply chain issues and low levels of cooperation) make it difficult to move towards a circular economy. It seems important to study such barriers in order to develop
{"title":"Exploring the barriers to a circular economy (small and medium enterprises)","authors":"B. Yerznkyan, K. Fontana","doi":"10.33051/2500-2325-2023-2-06-24","DOIUrl":"https://doi.org/10.33051/2500-2325-2023-2-06-24","url":null,"abstract":"Relevance. The pursuit of sustainable development against the backdrop of increasing demands for resources in an environment of scarcity, as well as growing social and environmental problems, reflect the importance of finding solutions to maintain economic growth, with due attention to the solution of the forenamed social and environmental problems, while reducing the demand for primary resources. A circular economy model that focuses on minimizing waste and consumption of primary resources, extending the useful life of products, provides solutions to these problems and contributes to the achievement of sustainable development goals. In practice, this model is not widely used, due, between other reasons, to barriers preventing the transition from a linear model of the economy to a circular one. And although regions, industries and enterprises may face various barriers in the implementation of circular solutions, it is possible to identify potential barriers that are typical for most. The purpose of the work is to identify and classify the barriers to the transition to a circular economy (with an emphasis on small and medium-sized enterprises), which can serve as the basis for the subsequent development of a roadmap for the transition to a circular economy and overcoming such. Target groups. The results of the study can resonate with academia, policy makers and business leaders to achieve a systemic, inclusive and competitive circular economy; serve as a basis for developing a roadmap for the transition to a circular economy at different levels, developing ways to overcome barriers that impede this transition. Materials and methods. The study is based on data obtained from the analysis of publications of Russian and foreign scholars on this topic. To achieve the stated goal, general scientific methods of cognition used in economic science, in particular, methods of comparative and logical analysis, were used. Results. The main features of the circular economy are considered; describes the main points related to the development of a methodology for introducing a circular economy at the enterprise level; analyzed and classified the barriers faced by enterprises in the transition to a circular economy model; the importance of a structural and systematic approach was emphasized for the effective transition from a linear model of the economy to a circular economy with the involvement of stakeholders and consumers. Conclusions. The circular economy model provides opportunities for sustainable economic growth, reduces waste and the use of primary resources, provides consumers with innovative and durable products, and contributes to solving social and environmental problems. At the same time, existing barriers (financial, institutional, legislative, infrastructural, environmental, cultural, supply chain issues and low levels of cooperation) make it difficult to move towards a circular economy. It seems important to study such barriers in order to develop ","PeriodicalId":193006,"journal":{"name":"Market economy problems","volume":"161 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116066190","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.33051/2500-2325-2020-3-135-154
Nikolaj V. Lyasnikov, D. Usmanov
The relevance of this study is conditioned by the fact that the full existence and development of human society is impossible without the production of public goods and their provision. In recent years, the concept of the public good has undergone major changes that have affected the development of all spheres of human life. The spread of an economic model based on the collective use of services and goods (sharing economy) has a huge impact on the development of the service sector and the change in the production of public goods. This requires a deeper and more com-prehensive study of the processes taking place in the economy. Subject/topic: study of the factors of development of a sharing economy from the moment of its occurrence in modern society. Goals and objectives. The purpose of the study is to identify key factors contributing to the development of a sharing economy in modern conditions. Research objectives: – determine what acts as the main catalyst for the development of a sharing economy and contributes to its growth; – identify factors that impede the development of a sharing economy. Results. In the course of the study, an analysis was made of the essential factors in the development of the sharing economy and the most basic ones were identified: freedom of movement of the population and digital information and communication technologies. Conclusions/relevance. As a result of the study, it was concluded that the emergence of a modern sharing economy was made possible thanks to the widespread dissemination of information technology, specialized online services, mobile broadband Internet access, social networks and mobile applications. The factors modeling the demand for services of joint (common) use and shaping the features of their marketing: fashion for travel and tourism; external and internal migration; population mobility. The significance of the study is due to the fact that the article assesses the current situation in the context of the spread of COVID-19, as well as taking into account the potential consequences of this phenomenon for the development of a sharing economy. The economy of co-consumption carries a hidden threat to the traditional eco-nomic structure. At the same time, the new challenges to humanity associated with the spread of the coronavirus put into great doubt the prospects for sharing and the very concept of «a world without borders».
{"title":"Digital technologies and freedom of movement of the population as key factors in the development of a sharing economy","authors":"Nikolaj V. Lyasnikov, D. Usmanov","doi":"10.33051/2500-2325-2020-3-135-154","DOIUrl":"https://doi.org/10.33051/2500-2325-2020-3-135-154","url":null,"abstract":"The relevance of this study is conditioned by the fact that the full existence and development of human society is impossible without the production of public goods and their provision. In recent years, the concept of the public good has undergone major changes that have affected the development of all spheres of human life. The spread of an economic model based on the collective use of services and goods (sharing economy) has a huge impact on the development of the service sector and the change in the production of public goods. This requires a deeper and more com-prehensive study of the processes taking place in the economy. Subject/topic: study of the factors of development of a sharing economy from the moment of its occurrence in modern society. Goals and objectives. The purpose of the study is to identify key factors contributing to the development of a sharing economy in modern conditions. Research objectives: – determine what acts as the main catalyst for the development of a sharing economy and contributes to its growth; – identify factors that impede the development of a sharing economy. Results. In the course of the study, an analysis was made of the essential factors in the development of the sharing economy and the most basic ones were identified: freedom of movement of the population and digital information and communication technologies. Conclusions/relevance. As a result of the study, it was concluded that the emergence of a modern sharing economy was made possible thanks to the widespread dissemination of information technology, specialized online services, mobile broadband Internet access, social networks and mobile applications. The factors modeling the demand for services of joint (common) use and shaping the features of their marketing: fashion for travel and tourism; external and internal migration; population mobility. The significance of the study is due to the fact that the article assesses the current situation in the context of the spread of COVID-19, as well as taking into account the potential consequences of this phenomenon for the development of a sharing economy. The economy of co-consumption carries a hidden threat to the traditional eco-nomic structure. At the same time, the new challenges to humanity associated with the spread of the coronavirus put into great doubt the prospects for sharing and the very concept of «a world without borders».","PeriodicalId":193006,"journal":{"name":"Market economy problems","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121820524","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.33051/2500-2325-2021-1-47-61
G. Shkiperova, A. Kurilo
Subject/Topic. The formation of tracks of sustainable development of territories remains an important task in the implementation of regional policy. Management decisions should be based on the results of the analysis of the socio-ecological-economic situation and the emerging trends in this area. The application of the method of sustainability window analysis based on the integration of economic, environmental and social components of sustainable development makes it possible to evaluate the quality of economic growth. Goals/Objectives. To explore the boundaries of the window of sustainability of economic development of regions, and to provide a qualitative characteristic of economic growth from a sustainability point of view. Methodology. A review of scientific sources was conducted and approaches to the assessment of sustainable development were considered. Methods of statistical and comparative analysis of data were applied. Comparable indicators that reflect the components of sustainable development of regions were calculated. Calculations were made and the boundaries of sustainable development of the North-Western Federal District (NWFD) regions were quantitatively assessed using the method of sustainability window analysis. Results. The boundaries of the sustainability window were determined for the regions of North-Western Federal District using three environmental indicators. It is revealed that not all regions of the district have the characteristics of qualitative economic growth. Calculations using «atmospheric emissions» as an environmental indicator showed that in most regions of North-Western Federal District there is a tendency to increase the available sustainability window. The calculations for the indicator «volumes of polluted wastewater discharge» also show positive trends. And for the indicator «volumes of production and consumption waste generation» only two out of ten regions have an available sustainability window, which indicates a negative trend in economic development. As a result, the most problematic area, characteristic of most regions of NWFD, has been identified, which is the «formation of production and consumption waste». Conclusions/significance. The study showed the presence of imbalances in economic growth from the perspective of sustainable development in North-Western Federal District. The method of sustainability window analysis allows using various statistical indicators that reflect economic, environmental and social processes in the region and is an accessible analytical tool. Solving the problems of waste generation reduction, waste disposal and recycling will improve the quality of economic development. Application. The method of sustainability window analysis can be used as an analytical tool for assessing the quality of economic growth. The results of the study can be practically applied in the formation of regional policy and managerial decisions of the authorities in the sphere of socio-economic de
{"title":"Assessment of the sustainability of regional socio-ecological-economic systems","authors":"G. Shkiperova, A. Kurilo","doi":"10.33051/2500-2325-2021-1-47-61","DOIUrl":"https://doi.org/10.33051/2500-2325-2021-1-47-61","url":null,"abstract":"Subject/Topic. The formation of tracks of sustainable development of territories remains an important task in the implementation of regional policy. Management decisions should be based on the results of the analysis of the socio-ecological-economic situation and the emerging trends in this area. The application of the method of sustainability window analysis based on the integration of economic, environmental and social components of sustainable development makes it possible to evaluate the quality of economic growth. Goals/Objectives. To explore the boundaries of the window of sustainability of economic development of regions, and to provide a qualitative characteristic of economic growth from a sustainability point of view. Methodology. A review of scientific sources was conducted and approaches to the assessment of sustainable development were considered. Methods of statistical and comparative analysis of data were applied. Comparable indicators that reflect the components of sustainable development of regions were calculated. Calculations were made and the boundaries of sustainable development of the North-Western Federal District (NWFD) regions were quantitatively assessed using the method of sustainability window analysis. Results. The boundaries of the sustainability window were determined for the regions of North-Western Federal District using three environmental indicators. It is revealed that not all regions of the district have the characteristics of qualitative economic growth. Calculations using «atmospheric emissions» as an environmental indicator showed that in most regions of North-Western Federal District there is a tendency to increase the available sustainability window. The calculations for the indicator «volumes of polluted wastewater discharge» also show positive trends. And for the indicator «volumes of production and consumption waste generation» only two out of ten regions have an available sustainability window, which indicates a negative trend in economic development. As a result, the most problematic area, characteristic of most regions of NWFD, has been identified, which is the «formation of production and consumption waste». Conclusions/significance. The study showed the presence of imbalances in economic growth from the perspective of sustainable development in North-Western Federal District. The method of sustainability window analysis allows using various statistical indicators that reflect economic, environmental and social processes in the region and is an accessible analytical tool. Solving the problems of waste generation reduction, waste disposal and recycling will improve the quality of economic development. Application. The method of sustainability window analysis can be used as an analytical tool for assessing the quality of economic growth. The results of the study can be practically applied in the formation of regional policy and managerial decisions of the authorities in the sphere of socio-economic de","PeriodicalId":193006,"journal":{"name":"Market economy problems","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121244907","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.33051/2500-2325-2022-3-78-91
L. Filobokova, Victoria A. Nyarginen
The problems of economic security of the «Small and medium-sized enterprises» system and the implementation of the strategic goals of the development strategy tasks (increasing competitiveness and creating a competitive environment in the national economy) predetermine research in the development of scientific and methodological support to neutralize and eliminate the existing problem. The article presents the intermediate results of research on the development of the model «Institutional changes of the innovation-integration type» for the purposes of strategic management of the economic security of the system «Small and medium-sized businesses» with the justification of such basic elements as theoretical and methodological, program-targeted, resource, regulatory legal, information support, control and monitoring, forecasting and planning, as well as approaches to the management mechanism and methodological support of the instrumental and methodological apparatus are considered. The authors defend the position that theoretical approaches that allow taking into account institutional patterns will form the basis of a new paradigm of economic knowledge, which is the basis for the strategic management of the economic security of the «Small and medium-sized business» system, designed to form a competitive environment in the national economy, thereby ensuring its sustainable socio-economic development.
{"title":"Model of institutional changes of innovative and integration type in the strategic management of the «Small and medium-sized business» system","authors":"L. Filobokova, Victoria A. Nyarginen","doi":"10.33051/2500-2325-2022-3-78-91","DOIUrl":"https://doi.org/10.33051/2500-2325-2022-3-78-91","url":null,"abstract":"The problems of economic security of the «Small and medium-sized enterprises» system and the implementation of the strategic goals of the development strategy tasks (increasing competitiveness and creating a competitive environment in the national economy) predetermine research in the development of scientific and methodological support to neutralize and eliminate the existing problem. The article presents the intermediate results of research on the development of the model «Institutional changes of the innovation-integration type» for the purposes of strategic management of the economic security of the system «Small and medium-sized businesses» with the justification of such basic elements as theoretical and methodological, program-targeted, resource, regulatory legal, information support, control and monitoring, forecasting and planning, as well as approaches to the management mechanism and methodological support of the instrumental and methodological apparatus are considered. The authors defend the position that theoretical approaches that allow taking into account institutional patterns will form the basis of a new paradigm of economic knowledge, which is the basis for the strategic management of the economic security of the «Small and medium-sized business» system, designed to form a competitive environment in the national economy, thereby ensuring its sustainable socio-economic development.","PeriodicalId":193006,"journal":{"name":"Market economy problems","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114914466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.33051/2500-2325-2019-4-015-027
A. Kurilo, Egor A. Prokopyev
{"title":"Development of e-government in Russia: advantages, barriers and prospects","authors":"A. Kurilo, Egor A. Prokopyev","doi":"10.33051/2500-2325-2019-4-015-027","DOIUrl":"https://doi.org/10.33051/2500-2325-2019-4-015-027","url":null,"abstract":"","PeriodicalId":193006,"journal":{"name":"Market economy problems","volume":"2014 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116027641","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.33051/2500-2325-2021-3-108-116
E. Levina
In this article the author examines the features of the use of digital platforms in the assessment and planning of corporate resources of industrial enterprises. The subject of the research is platform solutions and the use of artificial intelligence elements in the process of analyzing corporate resources of business structures. The purpose of the article is to analyze the possibilities of using digital platforms and elements of artificial intelligence in the analysis of the level of availability of necessary resources of industrial enterprises. Materials and methods. The methodological basis of the article consists of theoretical and applied research of Russian and foreign scientists, regulatory legal acts regulating the processes of digital transformation of industries and complexes. The author of the article uses such general scientific methods as analysis and synthesis to study the features of the use of digital platforms in the assessment of corporate resources of enterprises, system, structural, functional and situational approaches to study platform solutions as a system of interrelated and interdependent elements, the method of economic and statistical analysis to study the dynamic aspects and identify patterns of transformation of industries and complexes. Results. The article presents an analysis of the current state of corporate resources of industrial enterprises, and offers a universal method for assessing the level of human resources availability of business structures. Conclusions. In the current conditions of economic transformation, the use of platform solutions with elements of artificial intelligence in the analysis of technical, technological and information and communication support for industrial enterprises is becoming relevant and requires further research, especially in the context of providing industries with highly qualified specialists necessary for the effective operation of business structures. Application. The results obtained can be used for further analysis of the results and implementation of the methodology for evaluating corporate resources of industrial enterprises.
{"title":"The application of platform solutions in the assessment of corporate resources of industrial enterprises","authors":"E. Levina","doi":"10.33051/2500-2325-2021-3-108-116","DOIUrl":"https://doi.org/10.33051/2500-2325-2021-3-108-116","url":null,"abstract":"In this article the author examines the features of the use of digital platforms in the assessment and planning of corporate resources of industrial enterprises. The subject of the research is platform solutions and the use of artificial intelligence elements in the process of analyzing corporate resources of business structures. The purpose of the article is to analyze the possibilities of using digital platforms and elements of artificial intelligence in the analysis of the level of availability of necessary resources of industrial enterprises. Materials and methods. The methodological basis of the article consists of theoretical and applied research of Russian and foreign scientists, regulatory legal acts regulating the processes of digital transformation of industries and complexes. The author of the article uses such general scientific methods as analysis and synthesis to study the features of the use of digital platforms in the assessment of corporate resources of enterprises, system, structural, functional and situational approaches to study platform solutions as a system of interrelated and interdependent elements, the method of economic and statistical analysis to study the dynamic aspects and identify patterns of transformation of industries and complexes. Results. The article presents an analysis of the current state of corporate resources of industrial enterprises, and offers a universal method for assessing the level of human resources availability of business structures. Conclusions. In the current conditions of economic transformation, the use of platform solutions with elements of artificial intelligence in the analysis of technical, technological and information and communication support for industrial enterprises is becoming relevant and requires further research, especially in the context of providing industries with highly qualified specialists necessary for the effective operation of business structures. Application. The results obtained can be used for further analysis of the results and implementation of the methodology for evaluating corporate resources of industrial enterprises.","PeriodicalId":193006,"journal":{"name":"Market economy problems","volume":"63 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116439501","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.33051/2500-2325-2019-1-50-57
Z. K. Zoidov
{"title":"Organizational and economic mechanism of increase of economic security of Russia in the conditions of construction of digital economy","authors":"Z. K. Zoidov","doi":"10.33051/2500-2325-2019-1-50-57","DOIUrl":"https://doi.org/10.33051/2500-2325-2019-1-50-57","url":null,"abstract":"","PeriodicalId":193006,"journal":{"name":"Market economy problems","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122031751","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.33051/2500-2325-2023-1-32-47
A. Blokhin
Based on the theory of economic dominance in a multi-level economy developed by the author and his colleagues and published in earlier works, the article provides an explanation of the processes taking place both in the global and Russian economies. It is argued that institutional transformations in the economy, as a rule, occur in the direction of increasing the opportunities for businesses to receive institutional rents, which arise under better than other institutional conditions of activity. This leads to a qualitative and quantitative stratification of business by levels, called in this theory alpha-business, betabusiness, gamma-business. The article shows that such differentation leads not only to a change in the incomes of economic participants, but also to serious changes in the entire economic turnover, as well as to the transition from weak dominance to systemic dominance. It is also argued that a significant role in the development of dominance in the economy is played by the transition of the intermediary system to an increasingly integrated mediation and intermediary monopoly. It is proved that with the transition of the economy to the stage of systemic dominance and intermediary monopoly, the risks of its crisis increase. Unlike the global economy, which is in exactly this state, the Russian economy is only partially infected with dominance and integrated mediation, which leaves it with serious chances to get through the upcoming global crisis better and faster.
{"title":"Global crisis as a crisis of economic dominance","authors":"A. Blokhin","doi":"10.33051/2500-2325-2023-1-32-47","DOIUrl":"https://doi.org/10.33051/2500-2325-2023-1-32-47","url":null,"abstract":"Based on the theory of economic dominance in a multi-level economy developed by the author and his colleagues and published in earlier works, the article provides an explanation of the processes taking place both in the global and Russian economies. It is argued that institutional transformations in the economy, as a rule, occur in the direction of increasing the opportunities for businesses to receive institutional rents, which arise under better than other institutional conditions of activity. This leads to a qualitative and quantitative stratification of business by levels, called in this theory alpha-business, betabusiness, gamma-business. The article shows that such differentation leads not only to a change in the incomes of economic participants, but also to serious changes in the entire economic turnover, as well as to the transition from weak dominance to systemic dominance. It is also argued that a significant role in the development of dominance in the economy is played by the transition of the intermediary system to an increasingly integrated mediation and intermediary monopoly. It is proved that with the transition of the economy to the stage of systemic dominance and intermediary monopoly, the risks of its crisis increase. Unlike the global economy, which is in exactly this state, the Russian economy is only partially infected with dominance and integrated mediation, which leaves it with serious chances to get through the upcoming global crisis better and faster.","PeriodicalId":193006,"journal":{"name":"Market economy problems","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130520362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.33051/2500-2325-2021-4-157-169
Sergei D. Smirnov, A. Bulgakov
The subject/topic. The article addresses the issue of reducing cost of debt for ecological projects with green bonds. Goals/Objectives. The primary aim of this research is to reveal the interest rate discount «green» bonds have compared to conventional bonds. A decrease in cost of funding is a key element of «green» financial markets mechanism that improves investment quality of environmental projects. Methodology. The study uses statistical and regression analysis of more than 7,2 thousand bond primary placements for 2016-2020 years with total volume exceeding 6 trillion USD. Among them are 91 «green» bond issues with total volume of 84 bn USD. Cbonds and Bloomberg databases are primary sources of financial data for this study. The Results. Green bonds tend of have interest rate 0,3% lower compared to conventional bonds owing to sufficient demand from responsible investors. This result is the same for several different sub-samples of data that confirms its sustainability. Conclusions/Significance. The discount in interest rate that «green» bonds have allows reducing cost of funding for environmental projects making them more economically viable and attractive for companies. This mechanism persisting in global bond markets facilitates fulfillment of sustainable development goals (SDGs) defined by United Nations. Application. However, Russian bond market still doesn’t have this mechanism working properly since there are no responsible investors as a self-sufficient class.
{"title":"Are «green» bonds efficient in reducing cost of borrowings for company’s ecological projects?","authors":"Sergei D. Smirnov, A. Bulgakov","doi":"10.33051/2500-2325-2021-4-157-169","DOIUrl":"https://doi.org/10.33051/2500-2325-2021-4-157-169","url":null,"abstract":"The subject/topic. The article addresses the issue of reducing cost of debt for ecological projects with green bonds. Goals/Objectives. The primary aim of this research is to reveal the interest rate discount «green» bonds have compared to conventional bonds. A decrease in cost of funding is a key element of «green» financial markets mechanism that improves investment quality of environmental projects. Methodology. The study uses statistical and regression analysis of more than 7,2 thousand bond primary placements for 2016-2020 years with total volume exceeding 6 trillion USD. Among them are 91 «green» bond issues with total volume of 84 bn USD. Cbonds and Bloomberg databases are primary sources of financial data for this study. The Results. Green bonds tend of have interest rate 0,3% lower compared to conventional bonds owing to sufficient demand from responsible investors. This result is the same for several different sub-samples of data that confirms its sustainability. Conclusions/Significance. The discount in interest rate that «green» bonds have allows reducing cost of funding for environmental projects making them more economically viable and attractive for companies. This mechanism persisting in global bond markets facilitates fulfillment of sustainable development goals (SDGs) defined by United Nations. Application. However, Russian bond market still doesn’t have this mechanism working properly since there are no responsible investors as a self-sufficient class.","PeriodicalId":193006,"journal":{"name":"Market economy problems","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124319450","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.33051/2500-2325-2019-3-45-53
Nikolaj V. Lyasnikov, D. Usmanov
{"title":"«Design thinking» of artificial intelligence to overcome barriers","authors":"Nikolaj V. Lyasnikov, D. Usmanov","doi":"10.33051/2500-2325-2019-3-45-53","DOIUrl":"https://doi.org/10.33051/2500-2325-2019-3-45-53","url":null,"abstract":"","PeriodicalId":193006,"journal":{"name":"Market economy problems","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124077184","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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